Wall Street Letter VOL. XLV, NO. 36 - December 2013 | Page 17

DECEMBER 2013

NAME OF
EXCHANGE

SUMMARY OF
CHANGE

EFFECTIVE
DATE

NEW FEE

CHANGED FROM

Eliminates
incremental Priority Customer
complex ADV
above 225,000

N/A

$0.01 per contract rebate
($0.001 for mini options) for
Select Symbols ex-SPY; $0.01
per contract rebate ($0.001 for
mini options) for SPY; $0.01per
contract rebate ($0.001 for mini
options) for non-Select Symbols

Immediately

Replaced with new tier for Priority
Customers with complex order
ADV of 300,000 or more.

Amends some
rebates for
responses to

$0.15 per contract rebate if trading
against Priority Customers in Select
Symbols for standard options; $0.17
per contract rebate if trading against
Preferenced Priority Customers in
Select Symbols in standard options;
$0.015 per contract rebate if trading against Priority Customers in
Select Symbols in mini options

$0.10 per contract rebate if trading against Priority Customers in
Select Symbols for standard options; $0.12 per contract rebate if
trading against Preferenced Priority Customers in Select Symbols
in standard options; $0.010 per
contract rebate if trading against
Priority Customers in Select
Symbols in mini options

Immediately

Intended to encourage partici-

MIAX
Options

Establishes fees
for additional
limited service
MEI ports

$10 per month per additional limited service ports for each engine

N/A

Immediately

Nasdaq
Stock
Market

Amends NBBO
setter incentive
credits

$0.0002 per share rebate

$0.0005 per share rebate
($0.0002 per share rebate if volume requirements are not met)

Nov. 1

EXPLANATION

to the exchange.

the limited service MEI ports to
enhance connectivity for Market
Makers.
New rebate applies to all orders
market maker MPID displaying at
least one round lot and establishorder on the Nasdaq with the
same price as an order posted
on another trading center with
a protected quotation. Intended
to reduce costs in light of lower
trading volumes.

Amends
rebates for
Retail Member
Organizations
for retail orders
executed against
RPI orders
providing price
improvement or
liquidity

$0.0005 per share rebate if providing price improvement; $0.0010 per
share rebate if providing liquidity

$0.0025 per share rebate if
providing price improvement;
$0.0020 per share rebate to
provide liquidity

Nov. 1

Orders must provide price
improvement compared to the
NBBO.

Amends level
2 professinoal
subscriber fee

$45 per month for Professional
subscribers

$40 per month for Professional
subscribers

Immediately

Applies to any display usage based
on direct or indirect access and
for non-display usage based on
pated enhancements for 2014.

Establishes colocation fee for

$1,500 one-time installation fee;
$2,500 monthly fee

N/A

Jan. 13,
2014

Fees will be waived until effective
date.

$360 monthly per kW allocated

$360 per month

Nov. 12

Intended to capture fees for cabinets where power is not utilized
(PNU) but that are still allocated
some power capacity based on
user specs, usually intended for
future use. Also applies to NYSE
MKT.

connection
New York
Stock
Exchange

Establishes
price for PNU
cabinets

DISCLAIMER: Most fee changes are effective upon filing. WSL notes fee highlights here, but additional
changes may be made post publication. Please visit exchange websites for the latest fee changes.

FOR FURTHER CHANGES AT EXCHANGES,
visit www.wallstreetletter.com

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